- In the last 90 days, Ethereum price has increased by 64.38%, outperforming Bitcoins 10.72% gain, as more institutions add ETH into their treasuries.
- BitMine became the largest corporate Ethereum holder with $2.9 billion worth of ETH, amassed within just five weeks through an aggressive buying strategy.
In recent times, weve continued to see that both public and private institutions have continued to adopt cryptocurrency as a part of their treasury. Recently, data from Token Terminal showed that despite the fact that big firms like MicroStrategy and Metaplanet keep on buying BTC, Ethereums institutional interests have surged higher than that of Bitcoin.
According to the data shared, not only has there been growth in Ethereums adoption, but the token price has also shown significant growth. In the last 90 days, Ethereums price has shown very significant growth compared to Bitcoin. Within the last 90 days, Ethereum has risen by over 64.38%. The price climbed from $1,808 to $3,684, while Bitcoin only increased by 10.72%, rising from $94,748 to $115,375.

Source: TokenTerminal
This difference, although significant to many investors and traders, goes to show how Ethereum is now desirable by investors, especially during a period like this when market sentiment is only showing favor to assets with strong utility and institutional adoption potential.
Also Read: Ethereums Ether Treasury Surge: Vitalik Cautions Against Overleverage An example that emphasizes this growing institutional interest is BitMines move to Ethereum. On the 4th of August, it was recorded that Bitmines total Ethereum holdings reached $2.9 billion, making it the largest corporate holder of the asset. Another significant thing that shocked most people is how quickly the company managed to acquire the tokens. Bitmine was able to amass all this Ethereum within just five weeks through an aggressive accumulation strategy.
While Bitcoin still remains the top cryptocurrency both in valuation and adoption, Ethereums constant growth in its price has caused many institutions to see it as a reliable source of treasury. Not only that, but also its robust ecosystem that helps to power decentralized finance-based platforms and different smart contract applications provides a strong foundation for future growth of the asset.